JPMorgan, IFC lead $27 Million Investment for Colombian Fintech
- OmniLatam, renamed KLYM, plans to expand in Brazil, Mexico
- Firm provides working capital to small and midsize companies
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JPMorgan Chase & Co. and International Finance Corp. are leading a $27 million round of investment in KLYM, a data-driven fintech that focuses on providing working capital to small and midsize companies in Latin America.
KLYM will use the capital to expand, with Brazil as the main priority in 2023, Diego Caicedo, co-founder and chief executive officer of Bogota-based KLYM, said in an interview. The firm, formerly known as OmniLatam, plans to also expand in Colombia and Chile, and is working with regulators to start a business in Mexico.